Revised rules on bank loans for BC youth

Visakhapatnam: BC Welfare Corporation executive director M Geetha Devi said the government has relaxed guidelines to provide financial assistance to BC youth to set up self-employment units. Due to various reasons including restrictions from bankers, very less number of youth applied for loans to set up self-employment units.

Speaking to media on Saturday, she said the government released the orders by revising GO NO 18 ensuring hassle free financial assistance from banks. 

According to revised orders, even one person in a group also can get the loan for a maximum extent of Rs 30,000.Interested youth from backward classes can apply for subsidy loans before May 25 through online, Geetha Devi said.